10-Q Filing

ACACIA RESEARCH CORP CIK: 934549 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0000934549-12-000024`
Period End Date	20120930
Filing Date	20121108
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	actg-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 4 Cash Flow Statement 61 Comprehensive Income 20

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$102.52M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$264.15M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$310.66M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$314.73M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$6.60M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	42.93M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	49.77M	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$146.65M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	49.77M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	42.93M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$16.64M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$2.92M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.04M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$803.00K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$325.05M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$430.48M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Property and equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$317.00K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Property and equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$220.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Patents, net of accumulated amortization	`PatentsNetOfAccumulatedAmortization`	$226.32M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Patents, net of accumulated amortization	`PatentsNetOfAccumulatedAmortization`	$25.19M	USD	Point-in-time
Goodwill	`Goodwill`	-	USD	Point-in-time
Goodwill	`Goodwill`	$36.22M	USD	Point-in-time
Investments - noncurrent	`AvailableForSaleSecuritiesNoncurrent`	$2.00M	USD	Point-in-time
Investments - noncurrent	`AvailableForSaleSecuritiesNoncurrent`	$1.96M	USD	Point-in-time
Investments - noncurrent	`AvailableForSaleSecuritiesNoncurrent`	$1.98M	USD	Point-in-time
Investments - noncurrent	`AvailableForSaleSecuritiesNoncurrent`	$1.96M	USD	Point-in-time
Investments - noncurrent	`AvailableForSaleSecuritiesNoncurrent`	-	USD	Point-in-time
Investments - noncurrent	`AvailableForSaleSecuritiesNoncurrent`	$1.51M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$417.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$465.00K	USD	Point-in-time
Total assets	`Assets`	$693.75M	USD	Point-in-time
Total assets	`Assets`	$352.88M	USD	Point-in-time
Accounts payable and accrued expenses / costs	`AccountsPayableAndAccruedLiabilitiesCurrent`	$6.62M	USD	Point-in-time
Accounts payable and accrued expenses / costs	`AccountsPayableAndAccruedLiabilitiesCurrent`	$16.39M	USD	Point-in-time
Royalties and contingent legal fees payable	`RoyaltiesAndContingentLegalFeesPayable`	$21.48M	USD	Point-in-time
Royalties and contingent legal fees payable	`RoyaltiesAndContingentLegalFeesPayable`	$23.51M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$30.13M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$37.87M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$33.62M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	-	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$659.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$632.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$30.77M	USD	Point-in-time
Total liabilities	`Liabilities`	$72.14M	USD	Point-in-time
Commitments and contingencies (Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, par value $0.001 per share; 10,000,000 shares authorized; no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value $0.001 per share; 10,000,000 shares authorized; no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $0.001 per share; 100,000,000 shares authorized; 49,770,624 and 42,928,001 shares issued and outstanding as of September 30, 2012 and December 31, 2011, respectively	`CommonStockValue`	$43.00K	USD	Point-in-time
Common stock, par value $0.001 per share; 100,000,000 shares authorized; 49,770,624 and 42,928,001 shares issued and outstanding as of September 30, 2012 and December 31, 2011, respectively	`CommonStockValue`	$50.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$631.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$386.82M	USD	Point-in-time
Accumulated comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$382.00K	USD	Point-in-time
Accumulated comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-1.83M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-15.46M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-65.08M	USD	Point-in-time
Total Acacia Research Corporation stockholders' equity	`StockholdersEquity`	$615.98M	USD	Point-in-time
Total Acacia Research Corporation stockholders' equity	`StockholdersEquity`	$319.95M	USD	Point-in-time
Noncontrolling interests in operating subsidiaries	`MinorityInterest`	$2.16M	USD	Point-in-time
Noncontrolling interests in operating subsidiaries	`MinorityInterest`	$5.63M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$621.61M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$322.11M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$693.75M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$352.88M	USD	Point-in-time

Income Statement 4 line items

Line Item	Tag	Value	Unit	Period
Non-cash stock compensation	`ShareBasedCompensation`	$6.29M	USD	1 Quarter
Non-cash stock compensation	`ShareBasedCompensation`	$3.57M	USD	1 Quarter
Non-cash stock compensation	`ShareBasedCompensation`	$17.38M	USD	3 Qtrs
Non-cash stock compensation	`ShareBasedCompensation`	$9.89M	USD	3 Qtrs

Cash Flow Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net income (loss) including noncontrolling interests in operating subsidiaries	`ProfitLoss`	$49.57M	USD	3 Qtrs
Net income (loss) including noncontrolling interests in operating subsidiaries	`ProfitLoss`	$25.94M	USD	3 Qtrs
Net income (loss) including noncontrolling interests in operating subsidiaries	`ProfitLoss`	$-6.47M	USD	1 Quarter
Net income (loss) including noncontrolling interests in operating subsidiaries	`ProfitLoss`	$10.55M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.39M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$21.03M	USD	3 Qtrs
Non-cash stock compensation	`ShareBasedCompensation`	$6.29M	USD	1 Quarter
Non-cash stock compensation	`ShareBasedCompensation`	$3.57M	USD	1 Quarter
Non-cash stock compensation	`ShareBasedCompensation`	$17.38M	USD	3 Qtrs
Non-cash stock compensation	`ShareBasedCompensation`	$9.89M	USD	3 Qtrs
Change in valuation allowance	`ValuationAllowanceDeferredTaxAssetChangeInAmount`	-	USD	3 Qtrs
Change in valuation allowance	`ValuationAllowanceDeferredTaxAssetChangeInAmount`	$10.24M	USD	3 Qtrs
Other	`OtherOperatingActivitiesCashFlowStatement`	$490.00K	USD	3 Qtrs
Other	`OtherOperatingActivitiesCashFlowStatement`	$-15.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$24.57M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$13.72M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.49M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-949.00K	USD	3 Qtrs
Accounts payable and accrued expenses / costs	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.69M	USD	3 Qtrs
Accounts payable and accrued expenses / costs	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-737.00K	USD	3 Qtrs
Royalties and contingent legal fees payable	`IncreaseDecreaseInRoyaltiesAndContingentLegalFeesPayable`	$-2.03M	USD	3 Qtrs
Royalties and contingent legal fees payable	`IncreaseDecreaseInRoyaltiesAndContingentLegalFeesPayable`	$24.29M	USD	3 Qtrs
Deferred income tax	`IncreaseDecreaseInDeferredIncomeTaxes`	-	USD	3 Qtrs
Deferred income tax	`IncreaseDecreaseInDeferredIncomeTaxes`	$6.55M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$70.23M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$44.14M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$200.00K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$172.00K	USD	3 Qtrs
Purchase of available-for-sale investments	`PaymentsToAcquireAvailableForSaleSecurities`	$305.01M	USD	3 Qtrs
Purchase of available-for-sale investments	`PaymentsToAcquireAvailableForSaleSecurities`	$8.43M	USD	3 Qtrs
Maturities and sale of available-for-sale investments	`ProceedsFromSaleOfAvailableForSaleSecurities`	$169.02M	USD	3 Qtrs
Maturities and sale of available-for-sale investments	`ProceedsFromSaleOfAvailableForSaleSecurities`	$60.00K	USD	3 Qtrs
Purchase of ADAPTIX, Inc., net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$150.00M	USD	3 Qtrs
Purchase of ADAPTIX, Inc., net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	3 Qtrs
Patent acquisition costs	`PaymentsToAcquireIntangibleAssets`	$64.96M	USD	3 Qtrs
Patent acquisition costs	`PaymentsToAcquireIntangibleAssets`	$2.81M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.34M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-351.15M	USD	3 Qtrs
Proceeds from sale of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$175.23M	USD	3 Qtrs
Proceeds from sale of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$218.98M	USD	Point-in-time
Proceeds from sale of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$218.98M	USD	3 Qtrs
Distributions to noncontrolling interests in operating subsidiary	`PaymentsToMinorityShareholders`	$312.00K	USD	3 Qtrs
Distributions to noncontrolling interests in operating subsidiary	`PaymentsToMinorityShareholders`	$2.90M	USD	3 Qtrs
Contributions from noncontrolling interests in operating subsidiary	`ProceedsFromMinorityShareholders`	$877.00K	USD	3 Qtrs
Contributions from noncontrolling interests in operating subsidiary	`ProceedsFromMinorityShareholders`	$3.84M	USD	3 Qtrs
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.73M	USD	3 Qtrs
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$7.55M	USD	3 Qtrs
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	$411.00K	USD	3 Qtrs
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	$274.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$175.35M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$230.34M	USD	3 Qtrs
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$208.15M	USD	3 Qtrs
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-50.58M	USD	3 Qtrs
Cash and cash equivalents, beginning	`CashAndCashEquivalentsAtCarryingValue`	$102.52M	USD	Point-in-time
Cash and cash equivalents, beginning	`CashAndCashEquivalentsAtCarryingValue`	$264.15M	USD	Point-in-time
Cash and cash equivalents, beginning	`CashAndCashEquivalentsAtCarryingValue`	$310.66M	USD	Point-in-time
Cash and cash equivalents, beginning	`CashAndCashEquivalentsAtCarryingValue`	$314.73M	USD	Point-in-time
Cash and cash equivalents, ending	`CashAndCashEquivalentsAtCarryingValue`	$102.52M	USD	Point-in-time
Cash and cash equivalents, ending	`CashAndCashEquivalentsAtCarryingValue`	$264.15M	USD	Point-in-time
Cash and cash equivalents, ending	`CashAndCashEquivalentsAtCarryingValue`	$310.66M	USD	Point-in-time
Cash and cash equivalents, ending	`CashAndCashEquivalentsAtCarryingValue`	$314.73M	USD	Point-in-time

Comprehensive Income 20 line items

Line Item	Tag	Value	Unit	Period
Income tax benefit (expense) included in unrealized gain on short-term investments	`IncomeTaxIncludedInUnrealizedGainOnShortTermInvestments`	$323.00K	USD	1 Quarter
Net income (loss) attributable to Acacia Research Corporation	`NetIncomeLoss`	$-6.62M	USD	1 Quarter
Net income (loss) attributable to Acacia Research Corporation	`NetIncomeLoss`	$25.30M	USD	3 Qtrs
Net income (loss) attributable to Acacia Research Corporation	`NetIncomeLoss`	$49.63M	USD	3 Qtrs
Income tax benefit (expense) included in unrealized gain on short-term investments	`IncomeTaxIncludedInUnrealizedGainOnShortTermInvestments`	-	USD	3 Qtrs
Income tax benefit (expense) included in unrealized gain on short-term investments	`IncomeTaxIncludedInUnrealizedGainOnShortTermInvestments`	-	USD	1 Quarter
Net income (loss) attributable to Acacia Research Corporation	`NetIncomeLoss`	$10.80M	USD	1 Quarter
Income tax benefit (expense) included in unrealized gain on short-term investments	`IncomeTaxIncludedInUnrealizedGainOnShortTermInvestments`	$-9.00K	USD	3 Qtrs
Unrealized gain (loss) on short-term investments, net of income tax benefit (expense) of $323 and $(9) for the three and nine months ended September 30, 2012, respectively, and $0 for the three and nine months ended September 30, 2011	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$2.00M	USD	3 Qtrs
Unrealized gain (loss) on short-term investments, net of income tax benefit (expense) of $323 and $(9) for the three and nine months ended September 30, 2012, respectively, and $0 for the three and nine months ended September 30, 2011	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-588.00K	USD	1 Quarter
Unrealized gain (loss) on short-term investments, net of income tax benefit (expense) of $323 and $(9) for the three and nine months ended September 30, 2012, respectively, and $0 for the three and nine months ended September 30, 2011	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-1.91M	USD	1 Quarter
Unrealized gain (loss) on short-term investments, net of income tax benefit (expense) of $323 and $(9) for the three and nine months ended September 30, 2012, respectively, and $0 for the three and nine months ended September 30, 2011	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-1.91M	USD	3 Qtrs
Add: reclassification adjustment for losses included in net income (loss)	`OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax`	$212.00K	USD	3 Qtrs
Add: reclassification adjustment for losses included in net income (loss)	`OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax`	$173.00K	USD	1 Quarter
Add: reclassification adjustment for losses included in net income (loss)	`OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax`	-	USD	3 Qtrs
Add: reclassification adjustment for losses included in net income (loss)	`OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax`	-	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-7.03M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$51.84M	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$8.89M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$23.38M	USD	3 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.